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Nuveen Growth Opportunities ETF
NUGO (Nuveen Growth Opportunities ETF) is an index US Equity ETF by Nuveen. With a 0.56% MER, it provides diversified exposure through 3,078 holdings.
NUGO by Nuveen is a passively managed index ETF that tracks a broad market index. This approach keeps management fees low while providing wide diversification.
With a 0.56% MER, its fees are in line with category averages. It does not pay a significant distribution — returns are reinvested for capital growth.
As a US-listed ETF, it is typically held in an RRSP to minimize withholding tax on US dividends (Canada-US tax treaty).